Jesse Guillen

Meryl Lieberman

JC Corcoran

Roxanne Barber

Steven Robinson

Sarah Meade

Michael Meade

Ken Baumann

Hannah-Leigh Bull

Ellen Brown
Author & Founder of Public Banking Institute

"Congratulations to the Banking on New Mexico group for the exciting progress you have made toward establishing a Public Bank for Santa Fe! It’s a fine tribute to the dedication of Craig Barnes, and a very hard-working team. Two thumbs up!"

"One of the Green Chamber's basic tenets is to create strong local economies by keeping as many dollars in the community as possible. It's would seem that a local public bank is a vital component in making Santa Fe a wealthier community as a whole."

Melanie West
Photographer

"Growing up in New Mexico I believe I learned to enjoy a merger of the classic and the innovative. A Public Bank is an old idea that can serve us well in these modern times. We can be innovative and smart while we keep the local financial strength for direct investment in our community."

William Mee

"As leaders in Agua Fria Village a small rural community, with the highest poverty rate in Santa Fe County in 2000, we have huge infrastructure needs and a low tax base which makes us uncompetitive in a statewide Capital Outlay process, or for shrinking federal grants. Public Banking puts us on a level playing field. For our acequia appropriation, which we have 5 years to spend, it took the state 18 months to issue the Bond on Wall Street and then the state came back at us telling us we aren't spending the money fast enough---the old system is broken."

Lois Mee

"As leaders in Agua Fria Village a small rural community, with the highest poverty rate in Santa Fe County in 2000, we have huge infrastructure needs and a low tax base which makes us uncompetitive in a statewide Capital Outlay process, or for shrinking federal grants. Public Banking puts us on a level playing field. For our acequia appropriation, which we have 5 years to spend, it took the state 18 months to issue the Bond on Wall Street and then the state came back at us telling us we aren't spending the money fast enough---the old system is broken."

Alan Webber
Entrepreneur, Author, former candidate for Democratic Nomination for GovernorOne New Mexico

"Santa Fe and New Mexico are in serious trouble—losing jobs, losing opportunities, losing people, losing opportunities for a better future. It’s the kind of crisis that reminds me of 1932, when Franklin Roosevelt stepped into the White House in a time of dire national economic danger and began to try things, to experiment, to think differently. That’s what we need to do! We need to have the courage to try a public bank for Santa Fe, to support our own small and medium-size businesses, to jumpstart jobs and economic activity in our own community. Doing nothing is not an option. Working together is the way to find our way forward."

"As citizen activists all over the world mobilize to resist the global economic system pushing climate change, a BIG solution is offered right here in Santa Fe. Our precious taxes that we pay to serve community needs must have a container safe from the corruption of risky banking investment. The powerful and exciting answer is a Public Bank for Santa Fe, and I’m Banking on New Mexico!
"

Dr. Leslie Lakind
Dr.Lakind Dental Group

"A public bank puts our money in our hands to improve our lives, and not the wallets of Wall Street. Once you learn what a public bank is, it's just so obvious that that is the way to go."

Wanda Ross Padilla
Author, Life Coach

"We are long time owners of a small business...the "banksters" have not been friendly to our company when we really needed financial help. We even offered all kinds of collateral. We are parents, grandparents & great-grandparents. Looking forward to "our PUBLIC BANK FOR SANTA FE!" We both loved Craig Barnes and alI the work he's done."

Pat Padilla
Business owner

"We are long time owners of a small business...the "banksters" have not been friendly to our company when we really needed financial help. We even offered all kinds of collateral. We are parents, grandparents & great-grandparents. Looking forward to "our PUBLIC BANK FOR SANTA FE!" We both loved Craig Barnes and alI the work he's done."

Merrylin LeBlanc
KSFR Program Director

"As a public radio personality I support public banking in Santa Fe because it can strengthen local community resources and thereby create stronger bonds among the people who live here."

Chris Calvert
Former Santa Fe District 1 City Councilor

"A public bank for Santa Fe is a capital idea! At a time when the municipal budget is strained, a public bank in Santa Fe would mean less money leaving the community to pay interest expenses to large national banks and more money invested in the local economy."

Marcia Wolf
NM Licensed Real Estate Qualifying Broker, Retired

"For several decades we the people have seen the systematic degradation of banking and financial regulations which caused the biggest economic collapse of our generation. We have seen municipalities in bankruptcy or struggling to meet the barest of services or increasing the burden of more taxes on a citizenry dealing with their own financial ruin or job loss. WeArePeopleHere! resurrected a long used sensible plan of a public bank for Santa Fe to keep our tax dollars in Santa Fe and serving the people of Santa Fe, not corporate banks now too big to fail. Please learn more and support WeArePeopleHere!, its Banking on New Mexico program and a Public Bank for Santa Fe."

Bruce Merchant
MD, PhD

"Santa Fe (and indeed,all of New Mexico) deserves to benefit from a public bank. We must put an end to paying fees to big name banks for the ?privilege? of having them hold public funds."

Carmen Lopez

Owen Lopez

"I support the creation of a public bank in Santa Fe because it provides the opportunity for us as citizens to keep our community money (taxes, fines and fees) in Santa Fe supporting community projects rather than enriching outside investors."

Leona Stucky-Abbott

"As a therapist I often think about people’s well-being. When I focus on the well-being of our Santa Fe community, I hope for a public bank that would make money for us rather than give our money to huge national financial institutions. We could have a bank that would know us and support our projects and small businesses. We could keep our money local and watch it build our economy. Why pay big banks that often don’t pay taxes and that broke our national and world economy in 2008 to do what we can do for ourselves? I support keeping our money local in our own public bank. It’s an ethical way to boost our well-being."

Esther Kovari
Educator, Grandmother

"I support a public bank for New Mexico, because I want my grandson to grow up in a state where our financial resources are used for the good of the many, not the profit of the few! Baby Jericho thinks it's a good idea too!"

Lannie Loeks & Chris Clemens

"We support a public bank because it will keep local funds here in Santa Fe where they can be used by our own community. We will not be paying homage to those on Wall Street for the privilege of investing our funds with them. This is a way to not only save that money Wall Street is typically the beneficiary of, it will also assist local businesses here in Santa Fe and develop our own community."

Kenneth Mayers
Veterans For Peace – Santa Fe

"I support a Public Bank for Santa Fe because it would be a small but important step in reducing the vice-grip that plutocracy has on American life through the power of the mega-banks and the corporate “deep government” they support, thus contributing to a renaissance of peace and justice locally and globally. "

Debrianna Mansini
Actress, Activist

"A public bank is just that - a bank that belongs to the public NOT to its shareholders- shareholders that may live, and likely do, in other states. It's a bank accountable to its community and invested in that community being prosperous-not just in the short run, but long term. It is a bank that I would bank on- without a doubt. "

George Gamble

"I endorse the movement to establish a Public Bank for Santa Fe, made in the spirit and hope of having a Public Bank that will more efficiently and safely utilize our public funds at the same time, providing greater attention and financial support to local community needs. This emphasis on local development will result in widespread social and economic benefits for the entire community. This is a Capital YES for all of us."

Dee Gamble

"A bank makes money. That is what they do. It is so logical for the city of Santa Fe to have its own bank, seeded from public receipts, managed by qualified personnel, to invest in improving the city according to public interests. Enough of paying interest to big banks! Lets pay interest into the city and use those funds for improving our community. It’s time to do it! We can create a Public Bank.
"

Gershon Siegel

"Washington’s gridlock continues to prevent our national government from doing it’s stated constitutional work of promoting the general welfare. Local government must now fill the vacuum created by a moribund centralized system directed, in large part, by corporate interests. Creating a Public Bank for Santa Fe is a sensible, doable, action aimed at revitalizing a city struggling with debt caused in large part by the predatory behavior of the privatized banking system."

Michelle Mosser
BrandNature

"Chartering a city-owned public bank in Santa Fe can save the City considerable money by refinancing existing debt at lower rates and can provide new sources of income, from higher interest rates earned by the City on its deposits. And the public bank’s profits will remain in our community rather than be paid to global bank stockholders or bonding agencies."

Brian Skeele
Village Development of America LLC

Stephen Schmidt

"Public banking is just common sense, providing local solutions and using tax payer money to the highest efficiency, providing low interest loans locally, stimulating local economies, and keeping money safer by keeping it out of big banks which are still heavily exposed to large risks."

Denys Cope

"I believe that our community and local economy will be advantaged and enriched by thinking globally and acting locally. Craig Barnes was a savvy visionary, and all those he drew into the movement are a testament to wisdom being actuated."

Bill Light

Janet Graham

"I am very pleased to endorse public banking in New Mexico! I think it is essential to grow funds locally for projects that will directly benefit our community members. Providing loans with low, reasonable interest rates, and keeping interest returns in our "own local pockets" to grow additional available funding seem like a "no brainer"."

Shelly Browning

Pam Gilchrist

"Thousands of hours of thinking outside the box have gone into the creation of a chartered Public Bank - managed by bankers, not politicians - which would use community taxes, fees and fines to fund our own community needs!"

Carol Norris

"A public bank would benefit all Santa Feans by keeping our public funds at home where they belong so they can be reinvested in the things we need to keep our local economy strong and our communities vibrant. Enough with the Big Banks that don't give a hoot about us."

Walter Dilts

"I support the creation of a public bank for Santa Fe. I am a board member of We Are People Here and a long-time friend of Craig Barnes, who was dedicated to public banking in New Mexico. Banking on New Mexico, an initiative of We Are People Here, is actively working to establish a Public Bank for Santa Fe, a sensible plan to keep tax dollars in Santa Fe to support its citizens."

Katherine Wagoner
LaPosada de Santa Fe

Stefany Burrowes
Sensational Wisdom Coaching

"Public Banking is a powerful way to empower our local Santa Fe and New Mexico communities financially, economically, culturally, and socially. This will support individuals, businesses, and communities at both state and local levels while freeing us from the control and greed of the big banks."

Nancy Woodward

"A pubic bank for Santa Fe is another piece of strengthening our local economy. Our Santa Fe Public Bank will use our city taxes, fees and fines wisely to improve quality of life for all of us and build a sustainable future. Let's work together to make this happen!
"

Brad Laughlin
CoreLight

Clifton Chadwick
Board Member, KeepItQuerque

"We are in a period in which we are all empowered to leverage a Horizontal Economy, where our individual power to choose counts more than ever. Not only is a Public Bank good for Santa Fe, Public Banking is good for Albuquerque, for New Mexico and for the United States of America. Santa Fe's bold action on this front will prove, in retrospect, to have helped get us past a tipping point where Local Economies lead the way for the nation, just as they have on other fronts like Marriage Equality, Marijuana Law Reform and more."

Paul Stokes

Bobbe Besold

"It's time we controlled our own money, by keeping that resource in our state to benefit those who live here. And then, instead of New Mexico being one of the poorest states in the union, we grow to be one where everyone has enough to eat, enough to pay the rent, enough to buy the kids clothes and enough to be able to take a few days off from work every week. Let's give everyone a good life."

Dominique Mazeaud

Paul Gibson
Gibson & Associates

" I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the city millions of dollars by vastly reducing the cost of its bonds to improve city infrastructure. As importantly, it would take our city's money out of the Wall St. vulture bankers who will invest it in anything that might make a profit, no matter how risky or how much the enterprise rapes our planet and exploits other countries. In a public bank, our City's funds can be used to build our local economy and our local infrastructure."

Lucy Lippard

Jay Bunker

"I support Public Banking for New Mexico because "We The People" can truly benefit from the investment in our local economy rather than supporting big banks that are only interested in their stockholders."

Senator Peter Wirth
Sawtell, Wirth & Biedscheid, P.C.

Linda Trujillo
State Representative Elect District 48New Mexico House of Representatives

"The time has come for us to strategically diversify New Mexico's source of revenue. I support the creation of a Public Bank as one piece of the solution. A Public Bank would be a mechanism to make our money work for us and is an investment in our future."

Jesse Guillen

Meryl Lieberman

"A public bank could greatly improve our infrastructure, fiscal accountability, and access to affordable housing as we strive to eradicate homelessness in Santa Fe. I urge my neighbors and colleagues to join in this effort to bridge the economic divide in the city we call home. "

JC Corcoran
Plant Peace Daily

Roxanne Barber

"With the many challenges we face here in New Mexico, we can't afford to pay millions of dollars every year in fees and interest to the big banks who use our money for risky investments. We need to keep our money here in New Mexico to benefit our communities, our land, our people.
"

Steven Robinson
Steven Robinson Architects

Sarah Meade

"The time to switch to public banking is long overdue. I support public banking in New Mexico and the creation of the Public Bank of Santa Fe. Let us take out money out of the large banking institutions that continue to fail the American public and invest in harmful projects for the planet and humanity. The youth stand with this movement!"

Michael Meade

"As many institutions around this country and the world, particularly commercial banks, are falling apart, Public Banking is an idea whose time has come. Santa Fe's City Council has an opportunity to lead the way into the future by embracing this new direction and adopting the resolution recently introduced by Councilor Renee Villarreal and supported by Councilors Carmichael Dominguez and Joseph Maestes who are to be commended on their foresight.
Public Banking is a transformed monetary and banking system that functions in the public interest, resulting in broadly shared prosperity. The benefits to Santa Fe include revenue from bank loans of the city’s tax deposits, lower interest and fees"

Ken Baumann

"Massive centralized banks are dangerous institutions, and have no real stake in any given locale that they serve. Supporting a public bank is supporting a future in which local, decentralized institutions make our cities safer and more responsive to local needs. Santa Fe is a resilient American city, and a Public Bank for Santa Fe will make Santa Fe even stronger."

Hannah-Leigh Bull
Llama Deara Ranch

"We have seen public banking work well in North Dakota. The small forward-looking population of New Mexico is ripe to make public banking possible here, too. The entrenched financial institutions can be challenging to work with, especially ideologically."

Home

Is a Public Bank Right for Santa Fe?

The idea of a public bank for Santa Fe was first introduced by the grass roots organization WeArePeopleHere! seeking ways to strengthen the city’s economic health. Their initial exploration of the history of public banking, and research on “if and how” a public bank would serve Santa Fe resulted in their establishing Banking on New Mexico, which has led an extensive, in-depth examination of this significant public policy initiative.

City Officially Undertakes Research into Public Bank

Exploration of a public bank for Santa Fe began in fall 2012, when members of the grass roots collective WeArePeopleHere! began to study publicly owned banks in the US and abroad, establishing a relationship with the expert economists and bankers of the Public Banking Institute. Soon, city officials including Mayor Javier Gonzales and city councilors, joined the examination of whether a public bank was possible and would be of value to the city’s financial stability.

September, 2014 – City of Santa Fe, Public Banking Institute and WeArePeopleHere! host international symposium on public banking, resulting in the establishment of Banking on New Mexico and continued exploration of a public bank by the city.

November, 23, 2015 – BoNM presented the mayor and city attorney a definitive legal opinion from David Buchholtz of the Rodey Law Firm that New Mexico Constitutional and Civil Law and financial regulations permit the chartering of a public bank.

January, 2016 – City of Santa Fe Feasibility Study reports a public bank is economically and operationally feasible

January, 2016 – BoNM releases its Five-Year Model, confirming a public bank can provide new income and interest savings for city

April, 2017 – City Council votes unanimously to establish the Public Bank Task Force proposed by Councilor Villarreal

Creating a Task Force to Answer Hard Questions

On April 16, 2017 a City Council Resolution set up a nine member Task Force “to determine the procedures, timelines and requirements that would be necessary to establish a chartered public bank and to make recommendations to the city council in order for the city council to make an informed decision about whether to establish a Public Bank for the City of Santa Fe.” The resolution further directs the Task Force to define the purpose of a chartered public bank, investigate how to best capitalize a public bank, and to recommend bank governance structures that will provide transparency and accountability to the public, with maintenance of a “high ethical standard.” The Task Force’s final report, due early in 2018, will include all the research needed to make an informed decision about submitting a New Mexico bank charter application for a Public Bank for Santa Fe.

On August 15, the Work of the City-Appointed Public Banking Task Force Began.

TASK FORCE PROCEEDINGS BELOW:We are making available here, full audio recordings of the meetings with significant documents presented in meetings, and news of upcoming events and reports.

Public Banking Task Force Members’ Experience

June 28, 2017, city council unanimously approved Mayor Gonzales’ suggested appointees to the Task Force: finance and banking professionals, J. Wayne Miller, Randolph M. Hibben, and Darla Brewer; attorneys experienced in finance and banking, Kelly C. Huddleston and David P. Buchholtz; a professional in state and federal banking regulation, Judy A. Cormier; and two citizens at large, Robert A. Mang and Elaine Sullivan. The ninth member, Adam Johnson, is City Director of Finance. Task Force Chair David P. Buchholtz wrote the Rodey Law Firm’s formal opinion on the legality of a public bank for Santa Fe in 2015. READ MEMBER CREDENTIALS

Task Force Proceedings

Public Banking Task Force 2018 Meeting Schedule

All meetings are open to the public and held from: 4:30pm to 6:45pm at the City of Santa Fe Offices, 2nd floor, Market Station Building in the Roundhouse Conference Room, 500 Market Street (next to REI). 505.955.6581

#8 Task Force Meeting

A complete record of the January 17, 2018 meeting is available here:

The meeting was called to order with a quorum present, the agenda approved, minutes of the December 20 meeting approved and minutes of the Public Forum deferred. Brad Fluetsch and Judy Cormier, who had been asked by the Chair at the last meeting to prepare and present a report to the Task Force on possible purposes for a public bank in Santa Fe presented their findings, which they advised were essentially a review of the Feasibility Study produced in 2015. Their report focused on what adjustments to City Finance policy had been made since the Feasibility Study was presented to the City Council in 2016. This report essentially reiterated information presented by Brad at the December 20th Task Force meeting, expanding it slightly to reference other funding resources available for small business borrowing, such as Accion, WESST and the SBA.

The Chair then discussed his agenda for their January 22 presentation to the City Finance Committee and a plan for preparing the first draft of the Task Force’s final report through a subcommittee. Comprised of himself, Bob Mang, Elaine Sullivan and Brad Fluetsch, the subcommittee will bring their draft to the full Task Force for review in preparation for a final report to City Council. The Task Force set its next meeting for Wednesday, February 7, and receiving no public comment, adjourned.

#7 Task Force Meeting

A complete recording of the December 20, 2017 meeting (in 2 sections), is available here:

After roll call and deferral of approval of the minutes (to include greater public comment detail from the 11/20/17 meeting) Brad Fluetsch, representing the City Finance Director, summarized his view of the 2016 Feasibility Study, explaining the State requires the City to maintain one month of budgeted revenue in liquid assets and the City can only invest in bonds with a five year or shorter maturity. Most City cash is invested for 12 or fewer months and since the Feasibility Study’s timeframe, the City has expanded its inter-fund loaning and is upgrading its digital capabilities. Robert Mang then reported on Impact Network Santa Fe’s report, Pollinating Prosperity (IN Santa Fe), which shows that the City of Santa Fe has an unmet, immediate need for significant cash in four projected areas: approximately $256 million for infrastructure improvements; the need for affordable housing and related infrastructure; the City’s commitment to achieve carbon neutrality by 2040; and the need to address the trade imbalance which characterizes the City’s economy.

The Task Force then discussed whether and in what ways the needs described by the IN Santa Fe report could be met by a public Bank. While some members did not readily see how a public bank could respond to these issues, Robert Mang explained in considerable detail how a public bank could both support the smaller business loans that retail banks are reluctant to undertake, and cooperate with community banks to support larger projects. At the conclusion of the meeting the group settled on Wednesday, January 17th at 5:00 PM for its next meeting. The chair then opened the meeting to comments from the public, which included one statement in opposition and three supporting the establishment of a public bank.

#6 Task Force Meeting

A complete recording of the November 29 meeting (in 2 sections), is available here:

After roll call and approval of the minutes, New Business included the discussion of forming a subcommittee to gather information from “outside experts.” There was consensus that these should include local banking professionals and national public banking experts and that low-to-no cost participation should be an objective. A debriefing of the November 20 Public Forum noted that Task Force work to date was presented, including subcommittee progress reports, but the goal of receiving public input on the desired purpose for a public bank was not achieved. Members learned that the City Finance Committee didn’t include the planned Task Force report in its December 4 agenda. The Chair indicated wanting to clarify deliverables with the Finance Committee and advised that Task Force financial resources are exhausted. The remainder of Part 1 and most of Part 2 began discussions of what a public bank could provide Santa Fe, not currently being accomplished by existing banks or the City’s Finance Department.

Members suggested they needed a definition of purpose for the proposed public bank in order to hone a capitalization model. Some talked about obstacles inhibiting a public bank, but not much discussion yet on overcoming them or identifying benefits from a public bank that would make overcoming obstacles worth the cost or effort. It was asked if the city has specific funding and economic development needs that could be met by a public bank in ways that the current budget and programming don’t address.

It was suggested members revisit the city’s 2015 Feasibility Study, the June 5, 2017 City Finance Report and prepare to discuss the October 2017 Impact Network Santa Fe Report, Pollinating Prosperity – to identify possible needs that have not already been successfully met by City Finance. The Task Force discussed what and how to report to the council’s finance committee and deferred reporting until January 2018. There were two public comments. One stressed the importance of improved behavioral health services and a second said other public bank task forces around the country were focused on rising above obstacles to creating public banks, while the Santa Fe Task Force has identified obstacles, but not how to overcome them as of yet.

November 20 Public Bank Task Force Public Forum

On November 20, 2017, the Public Banking Task Force held a Forum, open to the public, at City Hall from 5:30 to 8:00pm. The purpose of the forum was two-fold; to bring to the general public a high level review of the work undertaken, issues being considered and obstacles identified by the Task Force half way through its six month deliberations – and to solicit the public’s views of how a Public Bank might best serve the people of Santa Fe.

The slides in this PDF presentation were prepared by each of the Task Force’s four sub-committees, Legal, Regulatory, Governance and Capitalization. Each subcommittee report identifies the community experts they interviewed and summarizes the central issues identified and explored.

#5 Task Force Meeting

A complete recording of the November 8 meeting (in 2 sections), is available here:

The call to order, then corrections and approval of the minutes open Part 1. Noting that the Task Force is halfway through its six-month assignment, facilitator Michele Lis suggested each member reflect on their impressions of the role a public bank might realistically play in the community and, based on their research, discuss how they see the Task Force’s work going forward. The conversation ranged over a variety of topics including the citing of significant obstacles to creating a public bank and consideration of how, and why, those obstacles might be overcome.

Chair David Buchholtz reviewed the allotted Task Force budget with members and the group explored how and when additional outside experts could be incorporated into their deliberations. The facilitator then explained the recommended structure for the upcoming November 20 Public Forum, which will include subcommittee reports to the public and a question and answer period. The bulk of the forum will be reserved for public input on what a public bank could achieve for the community. The Task Force then heard comments from the attending public, both supporting and opposing the concept of a public bank.

#4 Task Force Meeting

A complete recording of the October 18 meeting (in 2 sections), is available here:

The City Attorney’s office submitted a report from outside counsel, Attorneys Mark Chaiken and Richard Virtue, hired by the city to research regulatory issues related to public banking. Among those addressed were home rule power, the anti-donation clause, state law related to investment and deposit of public dollars, and benefits for the Task Force to further clarify expectations about the functions of a public bank.

Subcommittee reports were reviewed, plus helpful public input was offered about one of the presented bank governance models and the value added of a public bank to complement both current and future City Finance Department work.

#3 Task Force Meeting

A complete recording of the September 27 meeting (in 2 sections), is available here:

Task Force Chair David Buchholtz reported that the Santa Fe City Attorney has retained outside counsel to prepare a legal opinion for the city on a public bank. The Task Force then discussed the offer by Mr. David L. Dubrow with the Arent Fox Law Firm from NYC, to answer questions or provide expertise to the Task Force during its deliberation. A motion from Bob Mang was passed to graciously acknowledge Mr. Dubrow’s offer and to reconsider it in the future if needed. Discussion of the issues of timing, character and venue for the Task Force’s first public input meeting began, but was deferred until individual Task Force subcommittee reports were presented. Reports were made by several Task Force subcommittees including the Regulatory Committee, the Governance Committee and the Capitalization Committee.

The discussion of a public input meeting was resumed and resulted in a preliminary plan for such a meeting to take place sometime prior to the Task Force’s first report to the city council’s Finance Committee, possibly in mid-November, and the maximum possible promotion for such a meeting was urged. Under new business, it was recommended that the Task Force create a technical committee to specify the exact assets needed to launch a bank. In the public comment period, two attendees urged the task force to persist with the resolution’s focus on a chartered public bank.

#2 Task Force Meeting

A complete recording of the September 6 meeting (in 2 sections), is available here:

The first section of this recording includes a presentation by Katie Updike reviewing the Public Bank Feasibility Study, which was commissioned by city council in January of 2016 and presented to the city council in January of 2017. It concludes with the beginning of City Finance Director Adam Johnson’s presentation of a report requested by the city council on city financial operations as part of the Task Force Resolution.

The second section of this recording includes the balance of Adam Johnson’s report on city finances and concludes with questions by members of the public attending the Task Force meeting.

Banking on New Mexico is the primary initiative of WeArePeopleHere!.
Our goal is to promote economic justice at the local level by putting the peoples’ money to work here at home, where it can be an engine for reducing debt and growing revenues for our community. Our Mission is to transform the current social and economic condition to one of a democratic society that respects and represents the well-being of all its people.

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